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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 10, 1997
SERVICE SYSTEMS INTERNATIONAL, LTD.
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(Exact name of registrant as specified in its charter)
Nevada 0-21753 88-0263701
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Ident. No.)
2800 Ingleton Avenue, Burnaby, B.C. Canada V5C 6G7
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (604) 451-1069
Item 9. Sales of Equity Securities Pursuant to Regulation S
On July 10, 1997, the Registrant sold to a Costa Rican investor, in a
Regulation S transaction, a 12% Series A Senior Subordinated Convertible
Redeemable Debenture in the aggregate principal face amount of $62,500 for a
price of $50,000. The Debenture is due on July 31, 1998, if not redeemed or
converted before that date. The conversion price per share of common stock is
the lower of (a) 80% of the closing bid price of the common stock for the
business day immediately preceding the date of receipt by the Company of
Notice of conversion or (b) 80% of the average of the closing bid price of
the common stock for the 5 business days of trading immediately preceding
the date of conversion as reported on the NASDAQ bulletin board. This
offering closed by its terms on July 15, 1997.
SERVICE SYSTEMS INTERNATIONAL, LTD.
Date: September 25, 1997 By: /s/ Kenneth Fielding
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Kenneth Fielding, President
